The Boston Globe is reporting that the AMC Loews Harvard Square 5 in Cambridge, Massachusetts will close on July 8, 2012:

The AMC Loews Theater in Harvard Square, where fans of the cult classic “The Rocky Horror Picture Show” have come to see their favorite film every week for 28 years, is closing, a spokesman said Thursday.

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AMC has run the theater since the company purchased Loews in 2006, said AMC Theatres spokesman Ryan Noonan.

Noonan said in an e-mailed statement to the Globe on Thursday that the company has decided to sell the location, formally called the AMC Loews Harvard Square 5, and will close the theater at the end of business July 8.

“We continually strive to upgrade the quality of our theatre circuit by adding new screens and by disposing of older screens through closures and sales,” Noonan said.

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The two closest theaters are the Brattle Theatre, which shows arthouse fare, and the Entertainment Cinemas - Fresh Pond, which has a slate of first-run movies comparable to what the Harvard Square location is currently showing.

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